Key US bond yields drop to their lowest in 6 months as global banking worries boost bets the Fed is heading toward a rate cut

• Key US bond yields fell to six-month lows Friday as traders ramp up bets the Fed is near the end of its rate-hike cycle. 
• Odds of a pause in rate hikes in May soared to 90% and investors are pricing in potential for a June rate cut. 
• The 2-year yield dropped to 3.59% and sharp moves of 20 basis points have "become the norm," said one investment firm. 

A rally in the US bonds Friday pulled widely watched Treasury yields to six-month lows, with traders ramping up bets the Federal Reserve is on the cusp of ending its most aggressive rate-hike cycle in decades.